Martin Sorrell Hopes to Repeat Old Successes With New Venture
Martin Sorrell, the previous chief govt of promoting big WPP PLC, has agreed to take the helm at Derriston Capital, a listed shell firm he plans to make use of to amass advertising and promoting companies.
Mr. Sorrell will make investments £40 million ($53 million) of his personal cash within the new enterprise, whereas a bevy of institutional and different buyers have agreed to commit an preliminary £11 million to develop into shareholders in Derriston, the corporate mentioned in an announcement on Wednesday. Mr. Sorrell has secured nonbinding letters of help…
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